Reply to Middle class professionals: tell me about your finances

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[quote=Anonymous]32 with 2 young kids. DH, who is 37, stays home. HHI (my income) is 400k.

Our numbers are not nearly as cushy as many of y'all are claiming I should be. Making 400k in DC proper is extremely different from making 400k in middle America or even western Virginia. Making 400k is different with you have gigantic student loans. It's silly to say "you're rich!" Just based on HHI. It doesn't work that way.

Retirement: I have 50k, DH has nothing

Student loans: 40k left- I paid off 100k in the past year and a half. Paid about 100k in loans and interest over the course of six years prior to that.

Liquid savings: 100k. This is our emergency fund. Given that everyone is dependent on my job, I feel it's necessary to keep this at this level in case anything were to happen to my job (or me).

Home equity: ~150k. Mortgage is $3200.

No credit card debt. No college savings yet, but this is my next major money dump focus (first was an emergency fund, second was student loans, and third was a down payment for our first home).[/quote]

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